Stora Enso makes changes to dividend payment

Due to the unprecedented situation caused by the Covid-19 pandemic and its impact on trading conditions, the Board of Directors has decided to change its dividend proposal to the Annual General Meeting and proposes that a dividend of EUR 0.15 per share be distributed for the year 2019. The dividend is planned to be paid on or about 15 June 2020. In addition, it is proposed that the Annual General Meeting would authorise the Board of Directors to decide at its discretion on the payment of dividend up to a maximum of EUR 0.35 per share to be distributed in one or several instalments at a later stage when it is possible to make a more reliable estimate on the impacts of the Covid-19 pandemic on Stora Enso's business and liquidity. The authorisation would be valid until the next Annual General Meeting.

Well, technically this is not a dividend cut...yet, if they pay the other installments during this year.

Southern Company raises dividend

Finally some positive dividend news amidst the Corona situation. Southern Company (NYSE:SO) declares $0.64 per share quarterly dividend. This is a 3.2% increase over the prior dividend of $0.62. Payable June 8 for shareholders of record May 18, ex-dividend day May 15.

Vermilion Energy Inc. suspends dividend payments

Vermilion Energy Inc. suspends dividend payments after March dividend.


"Following the release of our revised 2020 capital budget and announced dividend reduction, we have witnessed further deterioration in near-term commodity prices as a result of the COVID-19 pandemic and resulting oil demand destruction.  In particular, growing oil inventory has decreased prompt prices for global benchmark indices and expanded regional discounts in North America.  As we have previously stated, we are attuned to evolving business conditions and are prepared to make further adjustments to all forms of cash outlays to protect Vermilion's financial position.  In view of our determination to reduce debt within the current commodity environment, we are suspending our monthly dividend until further notice following the payment of the March dividend of $0.115 previously declared for payment today."

Alliance Resource Partners does not pay distributions for Q2

Alliance Resource Partners (ARLP) informed that distributions for Q2 to be paid in May have been cancelled. They will look the situation again after Q2. Corona Virus strikes again

New purchase : Omega Healthcare Investors

Added 10 shares of Omega Healthcare Invetors (NYSE:OHI) at $34.20 per share. I now hold 102 shares of OHI.

AGNC Investment Corp. decreases dividend

BETHESDA, Md., April 8, 2020 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that its Board of Directors has declared a cash dividend of $0.12 per share of common stock for April 2020.  The dividend is payable on May 11, 2020 to common stockholders of record as of April 30, 2020.  The Company also reaffirmed its intention to continue its practice of reporting monthly estimates of tangible net book value per share of common stock in conjunction with its monthly dividend declarations.  

Covid-19 once again.....

Golar LNG partners reduces distribution

The Partnership’s Board of Directors has approved a reduction in the quarterly common distribution to $0.0202 per unit for the quarter ended March 31, 2020 (from $0.4042 per unit in the previous quarter).  Golar Partners believes this reduction is in the best interest of all of its stakeholders during this unprecedented time of market volatility. The Partnership will, as a consequence, retain approximately $109 million of cash flow annually, allowing the Partnership to focus its capital allocation on debt reduction, thus strengthening its balance sheet while providing enhanced financial flexibility to consider capital allocation priorities over time. The reduction will also result in lower breakeven re-contracting rates across the Partnership’s fleet. 

New purchase : Verizon Communications

Added 5 shares of Verizon Communications (NYSE:VZ) at $52.81 per share. I now hold 39 shares of Verizon Communications

Summary Q1 / 2020

During Q1 / 2020 this portfolio collected following dividends

• Jan: 379.96€     (2019: 301.95€   2018: 196.74€   2017: 130.32€)

• Feb: 386.82€     (2019: 275.61€  2018: 208.41€   2017: 161.34€)

• Mar: 350.01€    (2019: 371.66€  2018: 359.66€   2017: 328.55€)

Total of  1116.79€       (2019: 949.22€  2018: 764. 81€  2017: 620.27€)

Quarterly target was 1050€ which was achieved and passed.

Status update : March 2020

Dividends received in March :

Annually:

•  Stora Enso (STERV) (postponed)

Quarterly:

•  15.74€ from Southern Company (SO)
•    6.62€ from Emerson Electric (EMR)
•  15.70€ from VF Corporation (VFC) 
•  45.08€ from Triton International (TRTN)
•  65.39€ from SFL Corporation (SFL)
•  31.37€ from Dominion Energy (D) 
•  27.27€ from Enbridge Inc. (ENB)
•  10.47€ from Kontoor Brands (KTB)
•  32.68€ from Ares Capital Corporation (ARCC)

Monthly:

•     7.88€ from Realty Income Corp (0)
•   15.73€ from Main Street Capital Corporation (MAIN)
•   12.24€ from Prospect Capital Corporation (PSEC)
•   16.12€ from Chatham Lodging Trust (CLDT)
•   12.98€ from LTC Properties (LTC)
•   12.77€ from AGNC Investment Corp (AGNC)
•   12.39€ from EPR Properties (EPR)
•     9.58€ from Vermilion Energy (VET)

This makes it a total of 350.01€ in dividends in March. Last year I received 371.66€ dividends in March. This is a -5.83% decrease in dividends.Decrease is due to Stora Enso postponing dividends.

Progress update : March 2020

Progress update for March

Quarterly /(Bi-)Annually	2019	2020	Chg %	Monthly	2019	2020	Chg %
Stora Enso	92.50	postponed		Realty Income Corp	7.55	7.88	+4.37%
Southern Company	15.38	15.74	+2.34%	Main Street Capital	14.78	15.73	+6.43%
Emerson Electric	6.52	6.62	+1.53%	Prospect Capital Corporation	11.65	12.24	+5.06%
VF Corporation	15.72	15.70	-0.13%	Chatham Lodging Trust	13.48	16.12	+19.58%
Triton International	44.46	45.08	+1.39%	LTC Properties	12.69	12.98	+2.29%
SFL Corporation	62.17	65.39	+5.18%	EPR Properties	8.15	12.39	+52.02%
Dominion Energy	22.27	31.37	+40.86%	AGNC Investment Corp	14.34	12.77	-10.95%
MOWI Asa	17.81	-	-100%	Vermilion Energy Inc.		9.58
Enbridge Inc.		27.27
Kontoor Brands		10.47
Ares Capital Corporation		32.68
Total	371.66	350.01	-5.83%

Nordea to postpone dividend payment

Nordea is postponing dividend payment to earliest on October by request from European Central Bank. Corona Virus behind this all once again....